In honor of guest star Vincent Price, the show is filled with monsters, ghosts, bats, vampires and spooky situations. A three-headed monster auditions for the show: "We sing!" "No, we dance!" "No, we tell jokes!"

Episode

Kermit has the audience prepare for the weird, the strange, and the scary because tonight’s special guest star is Vincent Price. He promises that there will be no craziness, no slapstick, and no silliness. He is then promptly hit in the face with a pie by Fozzie. He then adds, "Or at least not much of it."

Backstage, Scooter informs Kermit that someone would like to audition. Trouble is, this person isn’t exactly a he, not exactly a she, sort of a they, but not really. When Kermit meets the person auditioning, he discovers that it is a three-headed creature.

In honor of her home country of Transylvania, Kermit has let Hilda introduce the next sketch: The House of Horrors!

Fozzie and Gonzo have rented a summer cottage. Unfortunately, Gonzo got the ad for the place from the “Wampire Veekly.” They soon receive a visitor. Vincent Price is looking for a room for the night as the road has washed out and his horse has a flat tire. However, he is not alone. He is travelling with a beautiful assistant and a hideously deformed monster. Uncle Deadly is the former.

There is trouble, though, as it approaches midnight. Uncle Deadly reveals that at midnight, his master turn into a screaming, maniacal, demonic, raging, blood-lusting animal! And then he gets mean. But something is different. Tonight is New Year’s Eve. In which case, he turns into… Jack Parnell!

Tom, Dick, and Harry are still waiting to audition, but they can’t seem to figure out what it is they do. “We sing!” “No, we dance!” “No, we tell jokes!” Kermit then asks if they’ve worked on television much, to which they reply, “Always!” “Sometimes.” “Never.” Then they can’t agree on a leader… or a gender.

Talk Spot: Vincent Price smiles to reveal vampire fangs, which he ostensibly grew on demand to showcase his acting prowess. Kermit asks Vincent how he managed this feat, the latter begins a pompous explanation about years of training, concentration, etc. Kermit cuts the monologue short by opening his own mouth to reveal a set of vampire fangs, and then promptly bites the guest star on the neck.

Kermit tells the three-headed monster that they won’t be in the show tonight, but they have already prepared a song: “Tea for Three!” Upon hearing that, Kermit orders the three-head muppet out then leaves.

Fozzie tries to console the three-headed monster, but they’ve already come up with a new act. One head will be the straight man, one will be the comic, and one will be the audience. That we no matter how bad they are, they’ll always love themselves.

Talking Houses: The Hospital (the only sketch without monsters or spookiness).

Edits

The end of the "House of Horrors" sketch was altered: the original punchline was, "On New Year's Eve, the Master turns into Guy Lombardo!" Since the show was primarily aimed at an American audience, "Guy Lombardo" was replaced with ATV (and Muppet Show) bandleader "Jack Parnell" when the UK master (which has been used on all home video releases of the episode) was prepared. The original US broadcast print with the Guy Lombardo reference has never been recovered and is considered lost, although Uncle Deadly's original line remained intact when the sketch was illustrated in The Muppet Show Book.

When this episode was released on the 1994 video Monster Laughs with Vincent Price, "I'm Looking Through You," the Houses sketch, and the closing number, "You've Got a Friend," were all cut.